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Tummy Company names scientific advisory board

BY Michael Johnsen

PHOENIX — The Tummy Company on Monday announced the formation of a scientific advisory board composed of gastroenterology and pharmaceutical specialists to provide oversight of the new liquid antacid Relief OTC.
 
Headed by Adam Harris, assistant professor of medicine at Brown University, the group’s mission will be to bring scientific and clinical insights pertaining to heartburn research and relief in order to help guide product development. 
 
“As Relief OTC expands its reach into heartburn sufferers’ medicine cabinets across the United States, we are highly aware of the importance of staying connected with the latest developments in the field,” said Jim Marini, president of The Tummy Company. “This group of distinguished professionals brings years of experience and a wellspring of knowledge to our team as we continue to gain momentum in the heartburn relief category.”
 
In addition to Harris, Relief OTC advisory board members include Barry Wiss, a 28-year gastroenterology veteran, and Mindi Fynke, president/CEO of EHIM, one of the 25 largest pharmacy benefit managers in the United States. 
 
Hitting the shelves of CVS and Walgreens, among other retailers, in late May, the orange crème-flavored Relief OTC is available in 4-oz. and larger 12-oz. bottles. In addition to food and drug stores, the product in the blue-and-white bottle can be found on Amazon and drugstore.com.
 
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Kmart reveals breach of payment data systems

BY Antoinette Alexander

HOFFMAN ESTATES, Ill. — Kmart’s payment data systems were breached beginning in early September, possibly compromising certain debit and credit card numbers, the retailer has announced.

According to Kmart, on Oct. 9 its information technology team detected its payment data systems had been breached. The company immediately launched a full investigation and is working with an IT security firm. The investigation to date indicates the breach started in early September.

According to the security experts, store payment data systems were infected with a form of malware that was undetectable by current anti-virus systems. The retailer was able to remove the malware. However, it believes certain debit and credit card numbers have been compromised.

Based on the forensic investigation to date, no personal information, no debit card PIN numbers, no email addresses and no social security numbers were obtained in the breach. There is also no evidence that kmart.com customers were impacted.

For those customers who shopped with a credit or debit card in Kmart stores during the month of September through Oct. 9, Kmart will be offering free credit monitoring protection.

Given the criminal nature of this attack, Kmart stated that it is working closely with federal law enforcement authorities, banking partners and IT security firms in the ongoing investigation. It is deploying further advanced software to protect customers' information.

 

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Dollar General receives request for additional information from FTC regarding proposed acquisition

BY Michael Johnsen

GOODLETTSVILLE, Tenn. — Dollar General on Friday reported that, as expected, it has received a request for additional information from the Federal Trade Commission relating to Dollar General's proposed acquisition of Family Dollar Stores. The Second Request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and is a standard part of the regulatory review process.
 
Dollar General remains committed to the proposed acquisition of Family Dollar and will continue to cooperate with the FTC to obtain antitrust regulatory clearance for the transaction.
 
Goldman, Sachs & Co. is acting as financial advisor to Dollar General. KKR Capital Markets and MCS Capital Markets are advising Dollar General on the financing. Simpson Thacher & Bartlett is acting as its legal counsel.
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